Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Loews Corporation $L

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Loews Corporation (NYSE:L) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,473 shares of the insurance provider’s stock after selling 25,677 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Loews worth $26,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in L. SJS Investment Consulting Inc. lifted its holdings in shares of Loews by 880.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 255 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 229 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Loews in the second quarter valued at approximately $27,000. NewSquare Capital LLC increased its position in Loews by 404.1% during the second quarter. NewSquare Capital LLC now owns 368 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 295 shares during the last quarter. MTM Investment Management LLC purchased a new position in Loews during the second quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Loews by 14,900.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 450 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 447 shares during the last quarter. 58.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ann E. Berman sold 1,444 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $108.10, for a total transaction of $156,096.40. Following the sale, the director directly owned 6,686 shares in the company, valued at approximately $722,756.60. This trade represents a 17.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew H. Tisch sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $105.07, for a total value of $5,253,500.00. Following the completion of the transaction, the director owned 12,909,642 shares of the company’s stock, valued at approximately $1,356,416,084.94. This represents a 0.39% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 125,770 shares of company stock valued at $13,325,818. Company insiders own 19.00% of the company’s stock.

Loews Price Performance

Loews stock opened at $102.35 on Friday. Loews Corporation has a 52-week low of $78.98 and a 52-week high of $109.06. The firm has a fifty day moving average of $105.10 and a 200-day moving average of $99.70. The firm has a market capitalization of $21.15 billion, a P/E ratio of 14.83 and a beta of 0.61. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.44.

Loews (NYSE:L) last posted its earnings results on Monday, November 3rd. The insurance provider reported $2.43 earnings per share for the quarter. Loews had a net margin of 7.95% and a return on equity of 7.89%. The business had revenue of $4.67 billion for the quarter.

Loews Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Wednesday, November 26th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Loews’s dividend payout ratio is presently 3.62%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Loews currently has an average rating of “Strong Buy”.

Loews Profile

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.